LBC Deposits for Vanity Claim Names (URLs)

A Vanity Claim is the URL of LBRY. It is created by depositing any amount of LBC when publishing a file.

• Vanity Claims are chosen by a top-bid deposit system. Winning bids get the claim, and the auction never closes.

• The URLs in LBRY will be owned by the persons or companies who value the URLs the most.

For example:

lbry://cocacola

You can claim lbry://cocacola and deposit 10 LBC. If Coca Cola Company comes and wants it, they will have to deposit more than the 10LBC, so that they can be listed first when people search for “cocacola”.

Several people can publish at lbry://cocacola and each publication has a unique ClaimID

lbry://cocacola#siwW43tisj3g64nsifFsjrud8d73f75L1

lbry://cocacola#us894d374Fd84F8sjekdTlro487f9G4

The one who deposits the most LBC’s into a name will be shown first when people search for Coca Cola.

Channel Names (@)

You may create Channel Names that work just like YouTube channels, and they use the exact same bidding system as Vanity Claim Names. They are identified by the @-symbol.

Vanity Claim Name = lbry://LBRYCommunity

Channel Name = lbry://@LBRYCommunity

All the LBC’s are still in your control.

These deposits are safe, as long as your wallet is safe and you follow Wallet Security instructions.

You can retrieve your LBC at any time, but doing that will lose your spot in the search results.

Read more details at LBRY Inc’s website here ‘Naming‘.

1. Buy LBC (You need Bitcoin first)

• Buy LBC in the LBRY App.
• Buy LBC at a Cryptocurrency Exchange like Bittrex, CoinEx, or Upbit.

2. Get rewards/bounties

• Receive rewards by verifying yourself in the LBRY App.
• Receive rewards by helping out in the LBRY Discord Chats. (Begging is not allowed.)
• Apply for funding for a LBRY-related project you have planned. https://lbry.fund

3. Mining or Data-Hosting (Secure the Network.)

• Mine LBC with your hardware
• Use your storage space for hosting data on LBRY. (Coming soon.)

We do not provide investment advice.

There are a couple of wallets available for download. These are direct links to the Official LBRY Inc. website and the Official GitHub repositories.

For Beginners

(GUI for Desktop & Android)

Download LBRY App (Explorer of Digital Content)

Desktop, (Linux, Mac, Windows)

For Advanced Users (CLI)

• Download lbrynet (Electrum Wallet & Data-hosting)
• Download lbrycrd (The LBRY Blockchain)

Android and iOS Mobile

• Coinomi (3rd-party Wallet Provider)
• LBRY Desktop (Android Only)

Web Browser Based

• LBRY.tv (Web Browser Based wallet and LBRY app)

What is a Cryptocurrency?

A cryptocurrency is a digital currency or asset which is secured by strong cryptography. They all have a market value, and you can sell or buy them at Cryptocurrency Exchanges. One unit of a cryptocurrency is usually referred to as a ‘coin’, just like Bitcoin.

You can hold less than 1 coin – for example 0.1 coin.

They are all divisible, which means that you do not need to buy 1 coin. You can buy a tiny fraction, for example even 0.00000001 amount of a coin. Yes, those are 8 decimals. – Use your reading glasses accordingly.

Price & popularity does not necessarily justify utility.

Some cryptocurrencies are more popular than others, and some are not so popular. This is usually reflected by their price, but the price alone has not much to do with the actual utility or development-progress of the coin. A lot of cryptocurrencies are heavily marketed, and some are bought in ICOs (Initial Coin Offerings) even before the currency is released.

LBRY (LBC) never held an ICO, however the developers set aside a huge amount of LBC at the birth of the LBRY Blockchain. This is called the ‘LBC Premine’.

We do not provide investment advice.

LBC Pre-mine

The LBC Premine is what we call the 400 million LBC’s, or 40% of the 1 billion LBC’s which will ever exist.

These 400 million premined LBC’s are planned to be used for:

1. Operational Fund for LBRY Inc. (100 million)
2. Community Fund (200 million)
3. Institutional Fund (100 million)

Read more in LBRY Inc’s Credit Policy.

Current Situation

LBRY Inc. is distributing LBC’s to any people who help with app development or anything that helps LBRY reach their vision.

LBRY-C Team, namely us who made this website are also funded by this pre-mine. We were funded through https://lbry.fund.

Who Controls the Premine?

LBRY Inc, the company that made the LBRY Protocol are in control of these LBC’s.

So far, LBRY Inc. has been very careful about using these LBC’s these last two years, so we at LBRY-C Team trust them to continue this responsible management of funds.

However, we wish that in the near future that these funds do not remain in control of a single entity, but is distributed between many other, still responsible entities. Maybe even a LBRY Foundation?

You can exchange cryptocurrency or purchase LBC from many places including…

Traditional Exchanges

– Bittrex

– CoinEx

– Upbit

– VCC

– BigONE

– Coinspot

– Coindeal

Instant Exchanges

– Simple Swap

– StealthEx

– SwapSpace

Decentralized Exchanges (DEX)

– Bisq

Please note, LBRY-C does not endorse nor vouch for any of the above services. Please do your own research into any exchange before using it and trade with caution.